The PM is a bad stock market prognosticator … you think?
Okay, so I don’t play the stocks. I’ve worked in a public listed company with several public listed subsidiaries under it, though. That makes me an expert, because apparently, some people think that the Prime Minister of Malaysia is also an expert. This is because he is the Prime Minister of the country and Bursa Malaysia is in the country. Quad Erat Durjana, as some might say. So, it was not a surprise to read last Thursday an article in Malaysiakini (okay, so it’s my favourite online comic) with the following headline: “PM ‘responsible for market losses’“. In that article, the DAP’s brand-new economic adviser, Tony Pua “has held Prime Minister Abdullah Ahmad Badawi responsible for the losses suffered in the Kuala Lumpur Composite Index (KLCI) yesterday.”
Mr. Pua, esq. didn’t say the things he said in the article because he’s an eejit. He said them because he’s now a politician. Consider the following:
“Will the PM bear the responsibility for the rakyat’s losses? In fact, the PM might have single-handedly beyond causing losses, destroyed the average Malaysia’s[sic] confidence in the market,� he said.
He posted his final challenge: “Would you dare to believe Pak Lah anymore?�
Of course, his statements are consistent with the Party Line, as evinced by the DAP Sec-Gen’s statement, recorded by my favourite online comic on 21st February, as so:
In a statement today, DAP secretary-general Lim Guan Eng said investors may even claim losses from the prime minister should they lose money by taking his stock advice.
As everyone knows, Emperor Kit’s son is no eejit either.
Also, as everyone knows, the drop in the KLCI was due to many reasons, chief of which is the fact that the Shanghai bourse took a konar baring. But that wouldn’t stop the opposition from getting some mileage from the PM’s gaffe, since it’s just too easy. But the hyperbole … Good God Almighty! Are we a nation of eejits and dumb-fucks?
“Yo, people! Big Chief say stock market good. Big Chief say buy stock. Make index many, many points up!”
“Whoa! Stock points go down. Top blogger call Big Chief a big mouth. Many lose money because Big Chief!”
“Make bantai Big Chief! He so stupid. Don’t know how to make stock market go high high! Now must make Big Chief pay!”
You know, someone once said to me that we get the leaders that we deserve. So, we’re all at fault then. However, if you can measure a man by his enemies, then maybe we should also measure the ruling coalition by its opposition.
It doesn’t look good.
I’d vote SIPM next time round, but I’m not sure being ruled anonymously is a good idea, either. Hahahaha!